The Hindu Business Line : Wednesday, July 16, 2003

Rs 66-cr excise demand on Sirpur Paper
THE Excise Department has served show-cause notices on Sirpur Paper Mills Ltd, the Hyderabad-based Rs 233-crore paperboards manufacturer, on the issue of clearance of paper and paperboards at concessional rate of excise duty. According to SPML ... More

Dr Reddy's Q1 results on July 31

OPEN OFFERS

Coromandel Fert makes open offer for 20 pc GFCL equity at Rs 124
COROMANDEL Fertilisers Ltd, which bought out the Andhra Pradesh Government's 25.88 per cent stake in Godavari Fertilisers and Chemicals Ltd, has made an open offer to acquire up to 64 lakh equity shares of Rs 10 each, representing 20 per cent of ... More

COMPANY LAW

Seminar on company law

AWARDS & HONOURS

BHEL southern sector division bags award
BHARAT Heavy Electricals Ltd's (BHEL) Southern Power Sector Division has been awarded the Occupational Health and Safety Certification (OHSAS-18001) by Det Norske Veritas (DNV). This international accreditation is given for adhering to ... More

MANPOWER

One-third VSNL staff opt for VRS
MORE than one-third of Videsh Sanchar Nigam Ltd's (VSNL) staff has opted for the company's voluntary retirement scheme which closed on July 14. The VRS at the one-time public sector company would lead to an outgo of around Rs 97 crore which ... More

HUMAN RESOURCES

Cos can now grant loans in foreign currency for employees abroad
INDIAN companies can now grant personal loans in foreign currency to employees working in branches overseas. Such transactions would, however, be permissible only if the loan is granted for personal purposes in accordance with the lender's ... More

NEW PROJECTS

Hygrade Pellets defends decision on captive power plant
HYGRADE Pellets Limited here, which manufactures pellets from iron ore fines, has defended its decision to set up a 25-MW coal-based captive power plant to meet its energy requirements. In response to strong objections raised by environmental ... More

Indian Rayon to expand carbon unit capacity
ENCOURAGED by the long-term demand outlook for carbon black, Indian Rayon Industries Ltd (IRIL) of the Aditya Birla Group has decided to expand its own carbon black plant's annual capacity from 40,000 tonnes to 1,50,000 tonnes over the period of ... More

INTERVIEW

`The Indian customer is well-informed and willing to pay for a good product'
THE $11-billion Tyco Electronics, part of the US-based $35-billion Tyco International Ltd, is a leading player in the interconnect industry. In India, Tyco Electronics conceptualised, designed and developed the entire wiring system for Tata ... More

OUTLOOK

Samsung aiming for Rs 110-cr turnover in Kerala
SAMSUNG India Electronics Ltd has achieved a 43 per cent growth in Kerala in the first half of this year, thereby clocking a sales turnover of Rs 45 crore over the corresponding period last year. The company had registered a 45 per cent value ... More

PERFORMANCE

BPL Soft achieves financial breakeven
BPL Soft Energy Systems Ltd, a wholly-owned subsidiary of BPL Ltd, achieved financial breakeven during 2002-03, following significant improvement in its operations. A higher growth rate combined with cost reduction across the value chain ... More

PEOPLE

Rajiv Singh becomes Diebold, India MD

TRENDS

Big cos yet to meet demat requests
SEVERAL index heavyweight companies such as SBI, Reliance Industries, Hindustan Lever and Hindalco are in the list of 200 companies that have highest number of requests to demat their physical shares pending for more than three weeks. The list ... More

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